Moody’s price target raised to $410 from $350 at Argus

Argus raised the firm’s price target on Moody’s to $410 from $350 and keeps a Buy rating on the shares. The company has an impressive track record, with historical compound annual growth rates for sales and EPS in the low double-digit range, and it should also benefit over the long run from the secular trends of global GDP growth and debt market disintermediation, the analyst tells investors in a research note.